ALI AKBAR COLLEGE OF MUSIC (EIN 946184432) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

MARY J KHAN

Phone

4154546372

Tax Period

2023-01-01 to 2023-12-31

ALI AKBAR COLLEGE OF MUSIC, founded in 1967, is a small nonprofit in the Arts, Culture & Humanities sector that reported $378K in total revenue in fiscal year 2023. Expenses of $354K left a modest 6% surplus.

Mission

TO TEACH, PERFORM AND PRESERVE THE CLASSICAL MUSIC OF NORTH INDIA, SPECIFICALLY THE SENI BABA ALLAUDDIN GHARANA (TRADITION), AND TO OFFER THIS GREAT MUSICAL LEGACY TO ALL WHO WISH TO LEARN

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $115,730

Program Service Revenue $240,534

Investment Income $11,611

Other Revenue $9,657

TOTAL REVENUE $377,532

Expense Breakdown

Grants Paid $0

Salaries & Benefits $192,890

Fundraising Expenses $0

Program Expenses $331,616

Other Expenses $161,162

TOTAL EXPENSES $354,052

Year-over-Year Comparison

	2023	2022	Change
Revenue	$377,532	$391,082	0.0%
Expenses	$354,052	$356,064	0.0%
Net Income	$23,480	$35,018	-0.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✓ Conflict of Interest Policy

✗ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✓ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$147,532

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
PAT GARFORD BROTHERS	SECRETARY	15.00	Officer	$0	$0	$0
MARY J KHAN	PRESIDENT	0.30	Officer	$39,386	$0	$39,386
NORM CAPPER	TREASURER	0.30	Officer	$0	$0	$0
AMITABH CHIBBER	BOARD MEMBER	0.30	Officer	$0	$0	$0
MALLAR BATTACHARYA	BOARD MEMBER	0.30	Officer	$0	$0	$0
VIVEK JAIN	BOARD MEMBER	0.30	Officer	$0	$0	$0
ALAM KHAN	BOARD MEMBER	0.30	Officer	$24,008	$0	$24,008
SWAPAN CHAUDHURI	CHAIRMAN	0.30	Officer	$53,560	$0	$53,560
RAJ SAHAI	BOARD MEMBER	0.30	Officer	$0	$0	$0
LESLIE CURCHACK	BOARD MEMBER	0.30	Officer	$0	$0	$0
ROBIN SUKHADIA	BOARD MEMBER	0.30	Officer	$0	$0	$0
ADAM STEIN	BOARD MEMBER	0.30	Officer	$0	$0	$0
MANIK KHAN	BOARD MEMBER	0.30	Officer	$30,578	$0	$30,578

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$377,532	$354,052	$591,257	$23,480
2022	$391,082	$356,064	$572,816	$35,018
2021	$355,383	$383,265	$542,416	$-27,882
2020	$414,192	$344,786	$552,114	$69,406
2019	$335,013	$320,898	$467,928	$14,115
2018	$331,031	$300,457	$446,620	$30,574

ALI AKBAR COLLEGE OF MUSIC